Despite weakness in the broader Canadian equity markets, each of the portfolios was again positive for the month of April. This brings the streak of positive performance to eleven months in a row for the Conservative Portfolio. Our Moderate Balanced, Balanced and the Balanced Growth Portfolios have also been performing well, posting gains for the past nine months in a row.
The biggest contributor to the strong performance was the CI Harbour Fund, which posted a 0.2% gain in the month, which significantly outperformed the broader markets which were pulled lower by the rout in the materials sector. The biggest detractor from performance during the month was the Mackenzie Ivy Foreign Equity Fund, which with a respectable gain of 0.8% for the month, failed to keep pace with the global markets. CI Signature Canadian Resource also dragged performance, but it holds only a small weighting in most portfolios, which minimized the impact.
The portfolios continue to post returns that are within expected ranges based on the risk reward profile of each portfolio.
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| 1 Mth | 3 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 5 Yr | 10 Yr | ||
|---|---|---|---|---|---|---|---|---|---|
| Conservative | 1.1% | 3.7% | 4.9% | 7.0% | 5.1% | 6.1% | 5.3% | 6.3% | |
| Moderate Balanced | 1.0% | 4.1% | 6.1% | 7.4% | 4.2% | 5.7% | 4.4% | 6.5% | |
| Balanced | 0.8% | 4.0% | 6.6% | 7.7% | 3.6% | 5.6% | 4.0% | 6.8% | |
| Balanced Growth | 0.7% | 4.4% | 8.1% | 8.4% | 3.0% | 5.3% | 2.9% | 6.8% | |
| Growth Portfolio | 0.7% | 4.9% | 9.6% | 10.3% | 3.9% | 6.4% | 2.5% | 7.3% | |